The higher the number, the more the stock goes up when they announce it. Should be opposite though really if these guys are incompetent enough to lose $13 trillion because of a single pirate.
Why, none of that matters. Stock markets run on the hopes and dreams of investors. That’s how guys like Sam Altman can get away with evaluating their company at $1 trillion despite the bottom line showing them doing nothing but wasting funds.
$13.000.000.000.000
Like, are we 12 now? I too would come up with these bazonker numbers at that age.
Fuck Spotify,fuck the current legal system that got us here
The higher the number, the more the stock goes up when they announce it. Should be opposite though really if these guys are incompetent enough to lose $13 trillion because of a single pirate.
Are you going to tell me that investors are bumb enough not to see that nobody will ever even see a % of a % of a % of a % of a % of that number?
Why, none of that matters. Stock markets run on the hopes and dreams of investors. That’s how guys like Sam Altman can get away with evaluating their company at $1 trillion despite the bottom line showing them doing nothing but wasting funds.
While I do agree in general, Open ai is not a public company. Valuation logics of private companies are quite different than stock market.
https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/
So in other words, yes, they are that dumb